Published by Dugybear Outdoor Living on Nov. 20, 2021
CINCINNATI – According to a new Freedonia Group study, the landscaping materials industry in the United States will see robust growth in 2020, with an increase in outdoor-living projects.
According to Freedonia’s latest Landscaping Materials report, after the quick expansion of the pandemic period, demand for landscaping products is predicted to expand at a healthy 2.6 percent annual pace through 2025, reaching $10.7 billion.
And, when the pandemic’s effects fade, professionally installed work will outperform the DIY market.
Hardscaping will continue its market lead, but lighting items and pots, planters, and raised beds will also enjoy robust growth, owing to the pandemic-driven acceleration of outdoor living and gardening trends.
Outdoor places became more popular for socializing and entertainment as a safe alternative to busy public locations and indoor events.
Homeowners invested in both the aesthetics and usefulness of their outside areas, including hardscaping to increase useable space and outdoor structures and ornamental goods such as water features to enhance the “staycation” experience.
Demand for landscaping materials is likely to stay high and expand into 2021, as customers continue to spend more time and money on their homes than before the epidemic.
Renovations done in 2020 will encourage larger, more complicated projects or investments in 2021 in certain families, with professional work orders returning significantly as the epidemic recedes.
Professional installations will revert to their previous, above-average growth rates after 2021. Over the last year and a half, customers have been able to closely examine how they may alter their house to better suit their requirements. Record-low borrowing rates, as well as increased cash from stimulus payments, will encourage greater housing investment.
Furthermore, the balance between home and professional life is expected to stay altered in the short term. With more employers allowing employees to work from home, homeowners are rethinking what they value in their houses and what sections they wish to utilize more frequently.
The movement has also spread beyond the confines of the average home’s backyard. More commercial property owners are emphasizing the need of having outdoor areas that may meet their requirements. Business owners and property management organizations are looking for ways to give consumers with outdoor dining and socializing areas, as well as to improve aesthetics.
These trends are projected to continue as more home owners recognize the benefit of having appealing and usable outside spaces.